News

  • Creek Views I, Azizi's project in Dubai, is 72 percent complete

    The project is scheduled for handover by the end of 2021. Azizi Developments, a leading development company based in Dubai, has announced that its Creek Views I residential in Dubai Healthcare City is more than 72 percent complete. The 19-storey development consists of 634 residential units and also features 33,341 square feet of retail space...

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  • Property sales in H1 2021 increase due to positive economic and employment sentiment in Dubai

    UAE residents have been investing heavily in real estate during the past 6 months, the number of units sold grew by 70 percent. Betterhomes, a leading real estate brokerage, issued H1 2021 Dubai Real Estate Market Report, comprising critical data and trends for Dubai. The report contains comprehensive insights on the health of the emirate's...

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  • RAK Properties' net profit grew by 348 percent in H1 2021

    Revenues from the real estate firm that is listed on the Abu Dhabi Stock Exchange went up by 121 percent. RAK Properties, one of the leading property development and tourism infrastructure companies in the UAE, has announced its financial results for the first half of 2021. The company continued its strong performance in the first half of this...

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  • 10 most expensive properties sold in Dubai during the first half of 2021

    In total, 681 apartments and 818 villas were transacted in Q2 2021 in the Dubai prime residential market. According to an analysis issued by Luxhabitat Sotheby’s International Realty, Palm Jumeirah dominates the list of the most popular prime residential areas among property buyers, with seven out of 10 most expensive transactions taking...

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  • Arada's sales grew by 85 percent in the first half of 2021

    The developer sold 1,173 homes in the first six month of the year earning USD 313 million. Sharjah-based developing company Arada has reported an 85% increase in sales to USD 313 million during the first half of 2021 compared to the same period last year. The developer sold 1,173 homes in total as Arada’s two megaprojects, Aljada and Masaar,...

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  • Weekly real estate transactions in Dubai, July 22-29, 2021

    88 plots sold for USD 168 million, 1,135 apartments and villas sold for USD 618 million. 1,617 real estate and property transactions amounting to USD 1.47 billion in total were recorded in Dubai during the week from 22 to 29 July, 2021. 88 plots sold for USD 168 million, 1,135 apartments and villas sold for USD 618 million. The largest land...

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  • 40 percent of all sales transactions from H2 2020 to H1 2021 in Dubai involved mortgage

    The average mortgage amount has grown by 24 percent standing, since the second half of 2020. Dubai’s mortgage market is demonstrating signs of recovery: the number of completed mortgage transactions doubled between H2 2020 and H1 2021, the consultancy firm Mortgage Finder says. The consultancy firm, which is part of the Property Finder...

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  • The developer wasl Properties launches Tiara United Towers, its first project in Business Bay

    The project consists of two towers, East and West that feature 424 and 425 units, respectively. Dubai-based real estate development and management company wasl Properties announced the launch of Tiara United Towers, a mixed-use development in Business Bay. The project consists of two towers, East and West. East Tower will feature 424 units and...

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  • Demand for family-friendly villas surges and prices for apartments stabilize in Abu Dhabi

    High demand from both homebuyers and tenants resulted in an increase in prices for family-friendly homes in the emirate. Abu Dhabi has witnessed a steady increase in interest for both affordable and luxury villa communities, based on consumer interest observed on the UAE’s leading property portals Bayut and Dubizzle. High demand from...

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  • 6,388 sales transactions recorded in Dubai in June 2021

    Deals in June were 44.33 percent higher in terms of volume, and 33.2 percent higher in terms of value compared to May. According to the 16th edition of Mo’asher, Dubai’s official sales price index, the emirate's real estate sector recorded 6,388 sales transactions in June 2021 worth USD 4 billion, which is the highest value of sales in...

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